Thomas Byrne (Fianna Fail)
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The fact that a moneylending firm can operate from a premises with no name over the door is an issue. I am not suggesting there is anything wrong with any of the companies of which I am aware. As far as I am aware, they are licensed companies, some of which are operating from plush offices. The fact that no name is displayed over the door undergrounds the business, whether licensed or unlicensed. The names of such companies also needs to be looked into. In some cases, the names suggest they are property companies and so on. I am not sure of the extent of this particular problem. A practising solicitor must state the purpose of his or her business on headed paper and on a plaque displayed outside the business premises. If moneylending businesses were required by law to do likewise, it would be helpful. It would also be of advantage to the licensed operations and would remove the perception that a particular business is dodgy and so on.

Why are moneylending businesses closing? I note some of them merging. Is that because moneylending has now become big business?